February 8, 2001 |
Rupert Murdoch's News Corp. reported a net loss of $23 million in the latest quarter because of a large write-down from investments. Without one-time items, earnings rose on a turnaround in box office results. News Corp. posted a charge of $281 million on losses related to restructuring its partnership with WebMD and investments in other Internet companies. Net earnings a year ago of $677 million were lifted by gains from the sale of shares in EchoStar, the satellite broadcaster.
May 7, 1996 |
The competition among the proposed all-news channels is so intense that News Corp. is offering to pay cable systems $10 per subscriber, and in some cases $11, for carrying its new network, according to cable executives. While it is not unusual for new programming services to give cable operators an incentive for coverage, the price News Corp. is paying far exceeds those offered in the past, when there were fewer channels vying for space. QVC Inc.
December 19, 2006 |
Media giant News Corp. took the unusual step Monday of releasing notes of a conversation between one of its attorneys and former book publisher Judith Regan to show that she made anti-Semitic remarks that led to her firing. Regan, meanwhile, hired Hollywood attorney Bert Fields to deny the allegations and vigorously contest her dismissal. Fields said the firing was the result of a long-running feud between Regan and her boss, Chief Executive Jane Friedman of HarperCollins, a News Corp. unit.
May 3, 2001 |
News Corp., owner of Fox Entertainment Group and the New York Post, faces charges of distorting data as it seeks U.S. approval by a Saturday deadline for its $5-billion purchase of Chris-Craft Industries Inc. A coalition of consumer groups that oppose the merger said News Corp. gave the Federal Communications Commission information about the New York Post's finances that overstated losses as the company seeks a waiver of broadcast-ownership rules.
May 8, 1997 |
Media giant News Corp. said Wednesday that its earnings rose sharply in the latest quarter, helped by its U.S. television operations and a strong performance by the "Star Wars" trilogy in its cinema reprise. News Corp., which is led by Rupert Murdoch, said in a statement released in New York that its profit after one-time items for its third quarter ended March 31 rose to $256 million from $59 million a year earlier. Revenue rose 27% to $2.9 billion.
November 9, 2000 |
News Corp., the media company controlled by Rupert Murdoch, said Wednesday that its fiscal first-quarter profit fell 10% because of lower audience ratings at Fox Television Network. Profit from operations fell to $149 million, or 14 cents per American depositary receipt, from $165 million, or 16 cents, a year earlier. Revenue rose 2.6% to $3.24 billion. The profit matched the average estimate of eight analysts polled by First Call/Thomson Financial. Fox, the No. 4-rated U.S.
August 1, 1992 |
Former Fox Inc. Chairman Barry Diller, who resigned as head of the film and TV studio in February, is seeking regulatory approval to sell $33.3-million worth of notes he acquired in connection with an apparent settlement agreement earlier this year. The disclosure came in a registration statement filed with the Securities and Exchange Commission by News America Holdings, the parent company of Fox. News America is the U.S. subsidiary of News Corp.
August 9, 2007 |
Rupert Murdoch said he planned to sell Dow Jones & Co.'s smaller newspapers and hire more staff to bolster the Wall Street Journal's presence, especially in Europe and Asia. The News Corp. chairman and controlling shareholder, who sealed a hard-fought deal to buy Dow Jones last week for $5 billion, also said Wednesday that he was still weighing other steps after the transaction closes in a few months.
January 31, 1996 |
While executives from Microsoft Corp. and MCI Communications Corp. were enthusiastically touting their new strategic alliance to make money in the Internet business this week, the mood in a newsroom in lower Manhattan's Silicon Alley was decidedly less sunny. That's where about 200 employees had been laboring for six months to produce content for a joint venture between MCI and News Corp.
May 11, 1995 |
In what could be the most potent alliance yet between a telephone company and a media firm, MCI Communications Corp. announced Wednesday that it will invest up to $2 billion in Rupert Murdoch's News Corp., forming a joint venture with the Australian company to deliver electronic information services.